The West Australian Published An Article by Chinese Consul-General Lei Kezhong Entitled "G20 offers new drive for China-Australia Ties"

2016/09/23

On 23 September 2016, The West Australian published an article entitled "G20 offers new drive for China-Australia Ties" by Chinese Consul-General in Perth Lei Kezhong . The full text is as follows:

The G20 Summit which ended in Hangzhou, China, on September 5 will start a new journey for China and Australia and inject new energy and vitality into their co-operation on a higher level and in a broader scope.

As the platform for equal participation by developed and developing countries in global economic and financial governance, the G20 member states account for two-thirds of the world's population, 85 per cent of gross world product and 80 per cent of world trade .

It plays a critical role in boosting global economic development and co-operation.

The global economy, while still on the road to recovery, faces multiple risks and challenges such as a weak growth rate, sluggish demand, volatility in financial markets and low growth in trade and investment, as well as the re-emergence of protectionism. The G20 needs to poll wisdom and make joint efforts to set out a new path for the world economy.

The theme of the Hangzhou summit was "Toward an Innovative, Invigorated,Interconnected and Inclusive World Economy". The summit was able to agree on a final leaders' communique and 28 specific outcome documents.

Second, the states formulated a blueprint for innovative growth as well as three action plans for innovation, a new industrial revolution and the digital economy, charting the course for world economic growth.

Third, they have mapped out a series of practical action plans such as the G20 Action Plan for the Implementation of the 2030 Agenda for Sustainable Development, the G20 Strategy for Global Trade Growth and the G20 Guiding Principles for Global Investment Policy, laying a solid foundation for boosting world economic growth.

Fourth, they have given top priority to development in a global macro policy framework by drafting an action plan for the implementation of the Agenda for Sustainable Development, and taking collective actions to aid the industrialisation of Africa and least developed countries.

In brief, the Hangzhou summit has been widely praised by the guest countries and its results will have great significance in advancing G20 co-operation.

The summit has boosted confidence in inclusive global economic growth, and has sent a strong signal of China's robust economic growth.

China has reached a new historical starting point. It is a new starting point for China to steadfastly deepen reform in an all-round way, adhere to the five concepts of innovative, co-ordinated, green, open and shared development, and try to achieve the whole-year growth target of 6.5 per cent, seek to maintain a medium-high rate of growth and deliver more development opportunities to the world while ensuring its own development.

As G20 member states, China and Australia have reached a high degree of consensus on eliminating trade barriers, increasing infrastructure investment, creating jobs and other topics.

At the summit, Chinese President Xi Jinping held talks with Australian Prime Minister Malcolm Turnbull and the two countries have agreed to push forward the sound and stable development of the China-Australia Comprehensive Strategic Partnership.

WA has been a pioneer in engaging with China economically and its co-operation with China in the fields of trade and investment, science and technology as well as education and culture has deepened. The two countries now enjoy more frequent people-to-people exchanges.

With the diminishing of the mining boom, Western Australia has made great efforts to encourage the development of innovation and a diversified economy.

China is making the transition from an investment-driven economy to a consumption-driven one.

The summit's deliberations have set the direction for future China-Western Australian pragmatic co-operation.

I believe our bilateral co-operation will usher in a bright future in education, tourism, agriculture, innovation and other sectors.